Bank Negara delays removal of tariffs for Malaysian fire insurance market by a year

Credit: Bank Negara Malaysia.

Bank Negara Malaysia has extended the timeline for the removal of fire insurance tariffs to next year at the earliest, industry sources have told Malaysian online news service Edge Weekly. The bank announced formally in June 2016 that it would deregulate the pricing of motor and fire products through the gradual disapplication of requirements under the Motor Tariff and Revised…

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